We provides Shariah-compliant financing solutions to meet all clients needs.
Last update: 12/13/2021
Prices of Finance and Saving Products
| Finance Amount | Repayment Period in Years | Annual Percentage Rate | Monthly Installment Amount | Administrative Fees | Fixed Annual Rate | Finance Period in Months |
|---|---|---|---|---|---|---|
| Finance without a guarantor (civil public sector only) | ||||||
| 100,000 | 5 | 26.59% | 2833 | 1% | 14% | 60 |
| Finance with a guarantor (civil public sector) | ||||||
| 100,000 | 5 | 23.88% | 2708 | 1% | 12.5% | 60 |
| Finance with a guarantor (private sector) | ||||||
| 100,000 | 5 | 27.5% | 2875 | 1% | 14.5% | 60 |
| Product | Repayment Period in Years | Annual Percentage Rate | Administrative Fees | Minimum (or) maximum administrative fees | Fixed Annual Rate |
|---|---|---|---|---|---|
| Murabaha - Tawarruq | From one to 60 months | From 15.37% to 28.04% | From 0% to 3% | A minimum of zero - a maximum of SAR 300 thousand | From 8% to 15% |
Individual Finance
| Finance Type | Finance Amount | Repayment Period in Years | Annual Percentage Rate | Monthly Installment Amount | Administrative Fees | Fixed Annual Rate | Finance Period in Months |
|---|---|---|---|---|---|---|---|
| Finance without a guarantor (civil public sector) | 100,000 | 5 | 26.59% | 2833 | 1% | 14% | 60 |
| Finance with a guarantor (public sector) | 100,000 | 5 | 23.88% | 2708 | 1% | 12.5% | 60 |
| Finance with a guarantor (private sector) | 100,000 | 5 | 27.5% | 2875 | 1% | 14.5% | 60 |
SMEs Finance
| Product | Repayment Period in Years | Annual Percentage Rate | Administrative Fees | Minimum (or) maximum administrative fees | Fixed Annual Rate |
|---|---|---|---|---|---|
| Murabaha - Tawarruq | From one to 60 months | From 15.37% to 28.04% | From 0% to 3% | A minimum of zero - a maximum of SAR 300 thousand | From 8% to 15% |
The above tables are mere examples, and the annual percentage rate (APR) may change according to the amount, repayment period, and credit score of each client